FIRST RATE ANNOUNCES APPOINTMENT OF CHIEF COMPLIANCE OFFICER
The new chief compliance officer will aide First Rate to continually provide the best security and service to its clients.
First Rate, a leading provider of performance measurement and client reporting solutions in the wealth management industry, today announced that Jay Anthony has been named Chief Compliance Officer on the Managed Hosting Team. Anthony will be responsible for furthering the development of First Rate’s corporate compliance programs and will enhance, monitor and direct First Rate’s compliance strategy.
“First Rate is committed to maintaining compliance and risk management programs that support the integrity of our firm and the services we provide our clients,” said Bo McWilliams, First Rate Managing Director, Managed Hosting. “A robust compliance strategy is essential to support clients that are under ever-increasing scrutiny from regulators. We’re very pleased to have Jay assist us with enhancing our efforts.”
In an effort to continually improve internal information and security controls, First Rate evaluates a number of different ways to evolve the organization to provide the best solutions and services for its clients. For more than 15 years First Rate has met or exceeded the expectations of the SSAE committee, and today it continues to invest in its compliance function. As part of that investment, First Rate sought to hire an experienced chief compliance officer to help guide and evolve the compliance strategy.
Most recently, Anthony worked as an Audit Liaison providing SOC 1, SOC 2, PCI & HIPAA audit preparedness consulting services (including operation and IT controls design) for a number of infrastructure as a service (IaaS) and software as a service (SaaS) companies. Anthony has extensive internal/external audit experience and he holds the CPA, CISA, and CISSP designations.
“I am pleased that Jay is on board to enhance and expand our existing compliance programs,” said Craig Wietz, First Rate President. “Jay’s compliance management background in the financial services sector will add tremendous value to our existing risk management processes.”